CIRRUS announced its 2024 performance, with a net profit of approximately USD 121 million, a year-on-year increase of 32.5%
CIRRUS announced its 2024 performance, with revenue reaching a historic high of $1.2 billion, a year-on-year increase of 12.1%. Gross profit was approximately $414 million, a year-on-year increase of 13.4%. Net profit was approximately $121 million, a year-on-year increase of 32.5%. Earnings per share were $0.36. The revenue growth was mainly attributed to an increase in aircraft deliveries and service revenue, with 23 aircraft delivered during the reporting period, and the average selling prices of the SR2X and Vision jets being $1.1 million and $3.4 million, respectively
According to the Zhitong Finance APP, CIRRUS (02507) announced its 2024 performance, with revenue reaching a record high, increasing from USD 1.07 billion to USD 1.2 billion, a year-on-year growth of 12.1%. Gross profit was approximately USD 414 million, a year-on-year increase of 13.4%. Profit for the year was approximately USD 121 million, a year-on-year growth of 32.5%. Earnings per share were USD 0.36.
The announcement stated that the revenue growth was mainly due to higher aircraft delivery volumes and growth in CIRRUS's service and other revenue sources.
Compared to the same period in 2023, the group delivered 23 more aircraft during the reporting period. The average sales price for SR2X aircraft deliveries was approximately USD 1.1 million, compared to USD 1 million in the same period of 2023. The average sales price for Vision Jet deliveries was approximately USD 3.4 million, compared to USD 3.1 million in the same period of 2023
